I underestimated how much my raise would increase our income so we ended up bringing home almost $300 more than I anticipated. That's not a bad problem to have! I wish I could say all the difference went to savings but unfortunately we went over in a couple budget areas and that ate into the difference. We were over on gas by $25. Gas prices are really high right now (no shock to you!) and I hope we can stay within my increased budget of $300 in May. If not, I'll adjust it even higher for June. We were also over in groceries. I don't know if we're just buying more junk food (I doubt that accounts for all of the overage) or if we're seeing an uptick in grocery prices too or what but we were way over on groceries this month. We'll have to watch that in May so we don't blow the budget again! All other discretionary spending was pretty good!
We had a lot of one time expenses this month. L had his first birthday! I budgeted $150 for food for his party and his gifts and we came in at $125. Not bad! And I signed the kids up for spring and summer activities which ended up being a large expense. And then there were our splurge line items. The kids and I all received some new clothing this month. I thought for a while that I had overestimated what our income was going to be so I slashed C's splurge budget to $0 because he has a $50 Visa gift card that he received as a thank you from a client. That became his splurge money instead of budget money. He hasn't spent that money either! But, it's his to spend as he pleases in the future.
Overall we came in $216.19 under budget and I've already transferred that entire amount to our emergency fund!
1 comments:
You're doing great! No small feat for a couple with 3 small children. Congradulations.
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